Mortgage Loan Officer Salaries

1,217 Salaries
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Average Base Pay
$40,032/yr
Not enough reports to show salary distribution

Additional Cash Compensation

Average$35,039
Range$2,996 - $102,496
How much does a Mortgage Loan Officer make?

The national average salary for a Mortgage Loan Officer is $40,032 in United States. Filter by location to see Mortgage Loan Officer salaries in your area. Salary estimates are based on 1,217 salaries submitted anonymously to Glassdoor by Mortgage Loan Officer employees.

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Salaries by Company

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Average Base Salaries in (USD)
Company
Average Base Salaries in (USD)
Low
High
Bank of America
$33,652/yr
Range: $1 - $81K
102 salaries
$33,652/yr
$1$81K
Quicken Loans
$26,256/yr
Range: $21K - $54K
52 salaries
$26,256/yr
$21K$54K
Wells Fargo
$34,469/yr
Range: $22K - $67K
48 salaries
$34,469/yr
$22K$67K
PNC Financial Services Group
$25,934/yr
Range: $25K - $143K
43 salaries
$25,934/yr
$25K$143K
Freedom Mortgage
$39,302/yr
Range: $36K - $65K
28 salaries
$39,302/yr
$36K$65K
Bank of America
$2,718/mo
Range: $2K - $7K
25 salaries
$2,718/mo
$2K$7K
Navy Federal Credit Union
$45,940/yr
Range: $39K - $61K
24 salaries
$45,940/yr
$39K$61K

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Network Capital
$13/hr
Range: $12 - $13
24 salaries
$13/hr
$12$13
J.P. Morgan
$27,254/yr
Range: $22K - $87K
22 salaries
$27,254/yr
$22K$87K
USAA
$42,462/yr
Range: $36K - $54K
22 salaries
$42,462/yr
$36K$54K
loanDepot
$11/hr
Range: $8 - $15
20 salaries
$11/hr
$8$15
Quicken Loans
$11/hr
Range: $9 - $27
18 salaries
$11/hr
$9$27
Movement Mortgage
$48,006/yr
Range: $16K - $109K
18 salaries
$48,006/yr
$16K$109K
Wells Fargo
$13/hr
Range: $11 - $20
16 salaries
$13/hr
$11$20
loanDepot
$43,549/yr
Range: $1 - $193K
16 salaries
$43,549/yr
$1$193K
Cardinal Financial Company
$25,257/yr
Range: $24K - $38K
14 salaries
$25,257/yr
$24K$38K
Citi
$31,599/yr
Range: $22K - $41K
13 salaries
$31,599/yr
$22K$41K
Royal United Mortgage
$35,136/yr
Range: $30K - $47K
13 salaries
$35,136/yr
$30K$47K
Bank of America
$15/hr
Range: $10 - $17
12 salaries
$15/hr
$10$17
Live Well Financial
$36,686/yr
Range: $30K - $54K
12 salaries
$36,686/yr
$30K$54K

Recent Salary Reports

Below are the most recent mortgage loan officer salary reports. Employer name has been removed to protect anonymity.

$42,000
per year
A Mortgage Loan Officer in the Austin, TX Area area reported making $42,000 per year
Additional Pay
$3k cash bonus
Job Highlights
3-4 years experience
Austin, TX Area area
Full-time
 
501 to 1000 employees
Nonprofit Organization
$30,000
per year
A Loan Officer in the Los Angeles, CA Area area reported making $30,000 per year
Additional Pay
$60k commissions
Job Highlights
5-7 years experience
Los Angeles, CA Area area
Full-time
 
1001 to 5000 employees
Company - Public
$12
hourly
A Collateral Specialist in the Tampa, FL Area area reported making $12 per hour
Job Highlights
Tampa, FL Area area
Full-time
 
201 to 500 employees
Company - Private
$30,000
per year
A Commercial Loan Workout Officer in the Los Angeles, CA Area area reported making $30,000 per year
Job Highlights
1-2 years experience
Los Angeles, CA Area area
Part-time
 
51 to 200 employees
Government
$60,000
per year
A Loan Officer in the Memphis, TN Area area reported making $60,000 per year
Additional Pay
$1k cash bonus
Job Highlights
8-10 years experience
Memphis, TN Area area
Full-time
 
1001 to 5000 employees
Company - Public
$36,483
per year
A Loan Officer in the Wichita, KS Area area reported making $36,483 per year
Job Highlights
1-2 years experience
Wichita, KS Area area
Full-time
 
51 to 200 employees
Company - Public
$25,000
per year
A Loan Officer in the Orlando, FL Area area reported making $25,000 per year
Additional Pay
$100k commissions
Job Highlights
5-7 years experience
Orlando, FL Area area
Full-time
 
51 to 200 employees
Company - Private
$32,056
per year
A Mortgage Loan Officer in the Los Angeles, CA Area area reported making $32,056 per year
Additional Pay
$240k commissions
Job Highlights
10+ years experience
Los Angeles, CA Area area
Full-time
 
10000+ employees
Company - Public
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